Truxton (TRUX) Q1 2026 earnings summary

Executive summary

• Net income rose 34.6% year-over-year to $6.8 million in Q1 2026.

• Revenue growth driven by strong noninterest income and wealth management performance.

• Asset base expanded 14.1% year-over-year to $1.37 billion.

Financial highlights

• Net interest income was $10.4 million, up 43.8% from Q1 2025.

• Noninterest income totaled $6.4 million, nearly flat year-over-year.

• Earnings before taxes increased 37.4% to $8.6 million.

• Efficiency ratio improved by 154 bps to 49.70%.

• Net interest margin rose 21 bps sequentially and 28 bps year-over-year to 3.18%.

Outlook and guidance

• Cost of funds declined 21 bps sequentially to 2.70% due to lower Fed funds rates.

• Loan yields fell 11 bps quarter-over-quarter as floating rate loans repriced lower.